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The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 0.2% in May from April, to a level of 126.4 (1992=100), following a revised increase of 0.6% in April. Likewise, the Federal Reserve Board’s industrial production index for manufacturing (IP-MFG) rose by 0.2% in May from April, after increasing by 0.5% in April. Output in the region was 4.2% above a year ago in May while the nation’s output was up 4.7%.